The Indian community is in full swing and is making efforts to hype up the Bitcoin industry. They are working to bring a positive change to end the banking ban imposed by the country’s central bank.
While the decision is still under progress, crypto enthusiasts in India are aiming to create a positive influence on the crypto regulation and lift the banking ban.
Nischal Shetty, started with a media campaign called “India Wants Crypto” and urged more people to join their efforts. Since last October he has been tweeting, calling for positive regulation and explaining to people how crypto can benefit India.
Positive crypto regulations in India will help create wealth and jobs for millions of Indians. Millions of youth in India want to see positive crypto moves by the government.
Shetty was annoyed by how there was little to no evidence in this case. There seems to be no solid data that backed this ban. So he is asking people to ask these two questions:
“Did you have any solid data that led to implementing banking ban on crypto transactions?”
“Do you have any data to prove banking ban on crypto transactions has led to a reduction in money laundering?”
His social media campaign seems to be looking good when he shared the statistics which showed that “Every day there are 100s of retweets and likes and thousands of views.”
His campaign had managed to generate 1.48 million impressions, as a consequent, it caused 57,374 user interactions such as retweets, replies, and likes, in a matter of 99 days only.
Another way you could help Shetty out in his struggle is by participating in meetups. A crypto awareness organization by the name of Blockchained India, holds monthly meetups in Delhi, Bangalore, Hyderabad, and Mumbai. The next meeting is scheduled to take place in Bengaluru on 30th March. Blockchain India co-founder had a little something to say about their upcoming meetup:
The intentions with this roadshow are pure. We want to help the good folks hustling day and night from the crypto space.
One of the easiest ways that anyone could be a part of is to educate people around you. Shetty is also specifically asking people who have friends in media to educate them about it because “their viewpoints reach the government faster.”
All in all, the more Indians and Indian media cover the fact that banking ban by RBI was done without any data, the better our chances of reviving crypto in India.